Released on = May 4, 2007, 3:39 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Demand for rented accommodation is strengthening, it has
been confirmed - most likely as a result of homeowners struggling to afford the
costs associated with owning property in their own right says National Homebuyers.

Press Release Body =

With interest rates also set to rise in the near future, it is expected that demand
for rented accommodation will be boosted further as affordability issues heighten -
while repossession figures are also set to go up.

A survey by Paragon Mortgages has revealed 92 per cent of the landlords polled
considered demand for rented accommodation to be stable, growing or booming.

This strong demand means houses available for rent are only likely to be vacant for
an average of 2.96 weeks a year.

\"We have been running this survey for five years and have seen a very strong trend
of growing tenant demand throughout this period,\" commented John Heron, director of
Paragon Mortgages.

\"But recently, in both our own research and that of others, we\'ve seen demand for
private rented accommodation hit new peaks.\"

The UK\'s leading fast property purchase company National Homebuyers says that \"the
only uncertainty was that uncertainty was certain\". Director Julian King says: \"We
have predicted this augmenting reliance on renting for over a year.

\"Interest rate rises will lead to a depression in the housing market. Homeowners
need to ignore the editors of national newspapers and gather more genuine
information about property prices in their area for a genuine feel of what\'s
happening.

\"National Homebuyers is receiving more and more enquiries from people who are
finding it difficult to sell their property and to whom National Homebuyers is a
genuine, quick sale solution.\"

Web Site = http://www.nationalhomebuyers.co.uk/newsarticle.asp?ID

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
08709798118